THE ocean freight container shipping market is peaking, but shippers' challenges persist.
Recent data from Xeneta showed that on July 15, the cost to ship a large container from the Far East to the US East Coast increased by 3.7 percent to $10,045. The rate to the US West Coast rose by 2.0 percent or to $8,045. These increases are lower than the hikes on July 1, at 22 percent and 12 percent, respectively.
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